Governor Signs Sports Wagering Bill, Monmouth To Accept Bets As Early As Thursday

New Jersey Gov. Phil Murphy signed the state's sports wagering bill into law on Monday, according to nj.com.

The New Jersey Racing Commission will be in charge of approving licenses, and is scheduled to meet on Wednesday for a review of regulations. Murphy must then ratify the decision before tracks can apply for a temporary waiver to begin accepting bets.

Monmouth Park will be ready to begin accepting wagers as early as Thursday, according to CEO Dennis Drazin.

“Today is a great day for New Jersey,” Drazin said in an official statement. “After a thorough review of the legislation, Governor Murphy has taken decisive and swift action in the best interests of New Jersey's economy and sports fans across out state. I look forward to the Governor joining us at Monmouth Park Racetrack on Thursday morning to usher in a new era for New Jersey by placing the first bet.”